Which of the Following Is Not One of the Four

question 36

Multiple Choice

Which of the following is not one of the four classes into which nonexchange transactions apply in accordance with GASB Statement No. 33?

• A) Voluntary nonexchange transactions.
• B) Imposed nonexchange revenues.
• C) Derived Tax Revenues.
• D) Mandatory exchange transactions.

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Definitions:

Economic Espionage Act

A U.S. law that makes the theft or misappropriation of a trade secret a federal crime when intended to benefit a foreign government, foreign instrumentality, or foreign agent.

Trade Secrets

Confidential business information that provides an enterprise a competitive edge and is often not disclosed to the public.

Misappropriations

involves the wrongful, illegal, or unauthorized use of funds or assets for purposes other than those intended by the owner or rightful possessor.

World Trade Organization

An international organization that deals with the rules of trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.